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Guideline Value

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Guideline Value for Thanikachalam Nagar 6th St ( Ward No.24 )

₹2700/sq.ft.

The guideline value for Thanikachalam Nagar 6th St ( Ward No.24 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Thanikachalam Nagar 6th St ( Ward No.24 )

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Thanikachalam Nagar 6th St ( Ward No.24 ) guideline value

The current guideline value for Thanikachalam Nagar 6th St ( Ward No.24 ) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Thanikachalam Nagar 6th St ( Ward No.24 ) has changed

Looking at the revisions, the guideline value for Thanikachalam Nagar 6th St ( Ward No.24 ) has seen changes primarily in the recent years. The 2012 revision recorded a guideline value of Rs 2,500 per sq.ft, which remained unchanged until the 2023 revision, where the value was still Rs 2,500 per sq.ft. However, in the 2024 revision, the value increased to Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, there has been an 8% increase in the guideline value. Notably, there are no figures available for this street in the revisions of 2002, 2003, 2007, and 2017.

Guideline values in Madhavaram

In Madhavaram, there are a total of 1,946 streets under the Madhavaram SRO, with 2024 guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, indicating that Thanikachalam Nagar 6th St ( Ward No.24 ) is above this median with its current value of Rs 2,700 per sq.ft.

Stamp duty and registration fee for property in Thanikachalam Nagar 6th St ( Ward No.24 )

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost for these fees to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thanikachalam Nagar 6th St ( Ward No.24 )?

The Sub Registrar Office that covers Thanikachalam Nagar 6th St ( Ward No.24 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Madhavaram

The guideline value is a crucial factor during the registration of property transactions in Madhavaram. It serves as the minimum value at which properties are registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the overall cost of registration. Buyers should ensure that they are prepared to pay the necessary fees based on this value to facilitate a smooth transaction.

Frequently asked questions

What is the current guideline value for Thanikachalam Nagar 6th St ( Ward No.24 )?

The current guideline value for Thanikachalam Nagar 6th St ( Ward No.24 ) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has increased by 8% to Rs 2,700 per sq.ft in 2024. There was no change from 2012 to 2023, where it remained at Rs 2,500 per sq.ft.

What is the land classification for Thanikachalam Nagar 6th St ( Ward No.24 )?

The land classification for Thanikachalam Nagar 6th St ( Ward No.24 ) is Residential Special Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Thanikachalam Nagar 6th St ( Ward No.24 )?

The Madhavaram Sub Registrar Office handles property registrations for Thanikachalam Nagar 6th St ( Ward No.24 ), located at No.7, Roja Nagar, Madhavaram, Chennai-600060.